July 3, 2022

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Wall Street shakes up Omigron strain and inflation: All indices closed with gains

An economist at the New York Stock Exchange (Photo: EFE / Justin Lane)

Wall Street closed in green on Thursday Unstabilization unleashed by the Omigron variant of the corona virus. All three U.S. indices advanced and investors valued more than growth. Small businesses and transportation, sensitive to the economic cycle, outperformed the overall market.

Of the three key indices, the Dow Jones was the most profitable, and Boeing Co.. There was so much motivational value Industrial average.

The Dove Jones Was 1.8% 575.03 points at 34,597.07 when selected S&P 500 It was up 1.4% or 56.26 units to 4,569.40. Mixed market index Nasdaq, Of which the most capital-intensive technology companies are listed, gaining 0.8% or 127.27 integers to 15,381.32.

The S&P 500 was up 29% for 1 consecutive day, neither up nor down, but we reached this volatility within five days of Omigran’s arrival.“Ryan Tetrick, chief market strategist at LPL Financial, said:

After two worst days of the year in a row, we finally see a resurgenceTetrick added. “Buyers have begun to pick and choose after the recent weakness, but Omigran’s uncertainty remains.”

Governments around the world are struggling to figure out how to respond to the growing omigron variant of Govit-19. The policy, which is expected to take effect on January 15, is that the United States plans to offer home screening to private medical insurers.

Omigron variant put Nervous Affects markets, especially relative values, for about a week Is traveling, They have composed a mosaic New Restrictions Around the world, but companies rallied at Thursday’s session.

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S&P codes 1500 airlines And Hotels and restaurants They ended the session with a sharp rise.

Data on applications Unemployment benefit And this Dismissals Entrepreneurship proved to be on the rise again Reluctance To lay off in a tight labor market, as a result Demand boom That collides Labor shortage and low participation in the labor market.

Labor shortages, along with persistent supply chain barriers, Distributor, Contributed to the destruction of the wordIntermediateFrom the Glossary of Inflation Federal ReserveAs wages and prices continue to rise, rates could translate higher quickly and faster than many expected.

Market players are now turning their attention to the November Labor Department Employment Report, which is expected on Friday.

We are confident that we will have another definite statistic, which indicates that the economy is in a very strong position.Tetrick added. “If there is any concern about inflation, we will focus on wage growth.”

(With EFE and Reuters information)

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Closing the boundaries for the Omigron variant is to ignore the scientific evidence